Derivatives (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

The following table summarizes the terms and estimated fair values of our interest rate swap derivative instruments as of March 31, 2021 and December 31, 2020 based on the year they mature. The notional values provide an indication of the extent of our involvement in these instruments, but do not represent exposure to credit, interest rate or market risks.

Maturity Date	Aggregate Notional Value at March 31, 2021 (in millions of dollars)		Aggregate Fair Value at March 31, 2021 (1) (in millions of dollars)			Aggregate Fair Value at December 31, 2020 (1) (in millions of dollars)			Weighted Average Interest Rate
Derivatives in Cash Flow Hedging Relationships
Interest Rate Swaps
2021	$	139.8	$	(2.1	)	$	(3.0	)		2.29	%
2023		300.0		(15.1	)		(17.2	)		2.70	%
Non-designated Hedges
Interest Rate Swaps
2021		175.0		(2.2	)		(3.1	)		1.85	%
Total	$	614.8	$	(19.4	)	$	(23.3	)		2.36	%

(1)	As of March 31, 2021 and December 31, 2020, derivative valuations in their entirety were classified in Level 2 of the fair value hierarchy and we did not have any significant recurring fair value measurements related to derivative instruments using significant unobservable inputs (Level 3).

Effect of Our Derivative Financial Instruments on Our Consolidated Statements of Operations

The tables below present the effect of derivative financial instruments on accumulated other comprehensive (loss) income and on our consolidated statements of operations for the three months ended March 31, 2021 and 2020:

	Three Months Ended March 31,
	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative Instruments					Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Interest Expense
(in millions of dollars)	2021		2020			2021		2020
Derivatives in Cash Flow Hedging Relationships
Interest rate products	$	0.2	$	(20.1	)	$	2.4	$	0.4

	Three Months Ended March 31,
(in millions of dollars)	2021			2020
Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded	$	(30.7	)	$	(16.9	)
Amount of (loss) gain reclassified from accumulated other comprehensive income into interest expense	$	2.4		$	0.4